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Author Topic: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network  (Read 1200523 times)
ttookk
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July 20, 2018, 11:01:18 AM
 #10101

I have a question, we'll know that BTC, BCH & LTC main goal is as a payment method, and ETH, EOS & TRX etc are mainly smart contracts & dApps... So my question is where exactly do DCR stands, like what's it major goal or something.

I don't think this is really true, as smart contacts are being developed to run as sidechains (rootstock) or on lightning/second layer for bitcoin. But the answer to your question is basically bitcoin with a different consensus/governance mechanism.

Well, this is pretty much the million (more like trillion) dollar question, isn't it: what will the blockchain future look like?

I don't think a pure smart contract platform, in which the main token is reduced to the role of an utility token is really working. ETH pretty much turned into a currency, even though Vitalik emphasized in the beginning that it was not supposed to be one.

I also think that from a technical point of view, it is a good idea not to have a "winner takes it all" future, because code has bugs and in the case of cryptocurrencies, a bug may be the equivalent of a digital nuclear blast. So, having multiple chains and multiple currencies keeps the blockchain ecosystem diverse and less vulnerable to critical flaws.

I think DCRs place is not that defined and it doesn't have to be. It is there, it is tech that can be used and if it is worth it, it will find its niche. At the very least, it is going to be a backup solution, a plan B if you will.

There's also a chance that we will see a future develop in which, due to DEXs and atomic swaps, you have a portfolio rather than a bank account. At the moment, everything blockchain is still very bare bones. We are pretty much interacting on the terminal/console layer with blockchains right now.
There's the possibility that in the future, you don't even know which types of cryptocurrency you are using. Imagine this: you are holding DCR and you are buying something with it. Now, the person you are buying from only accepts LTC. Via an atomic swap, you exchange your DCR on the fly for LTC without noticing it. The only thing you see is the account value in a base currency (EUR/USD/BTC/…).
Should this be the future, it is a good idea not to put all eggs into one basket. You'd probably hold a number of different currencies, to hedge against price swings and critical failures.

(…)

Ya good idea. I dunno though, judging from the pm's he's sent me, I think I've successfully trolled the troll. Cheesy

Congrats  Grin
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steve321
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July 20, 2018, 03:15:02 PM
 #10102

The DCR is a stable coin in the crash.
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July 21, 2018, 05:58:18 PM
 #10103

The DCR is a stable coin in the crash.

yes Decred is a valid and stable coin ... i think this project is one of the most valid of all cryptoworld.... have more and more potentiality... i think in long term this project can reach first 10 position but i think dev need more marketing and some rensonance in cryptoworld media...  Wink
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July 22, 2018, 08:29:28 PM
 #10104

How do i import seed from here?



import you wallet via https://wallet.decred.org/#/add
1. create new wallet (give it a name)
2. Show Advance Options
3. Click Specify Your Wallet Seed
4. Enter your Wallet Seed and Create


I think if this don't help than idk...

ya it's funny how out of 1.6 MILLION PRE-MINE somehow i didn't get my 200 coins? lol .. great work nerds Shocked


bump^

©2021*MY POSTS ARE STRICTLY FOR NOVELTY AND/OR PRESERVATION/COLLECTING PURPOSES ONLY!*It should not be regarded as investment/trading advice.*advocate to promote sharing and free software for the bitcoin community* #EFF #FSF #XTZ ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
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July 23, 2018, 09:12:53 AM
 #10105

Because Bitcoin is focused so much on preserving backward compatibility, there are certain updates we won't ever see included in Bitcoin without causing a fork. Interesting approach by @decredproject to avoid this by unifying the community through a PoW-PoS combo.
https://twitter.com/theobtl/status/1019676848127664130
irwanjabryg
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July 24, 2018, 03:17:16 AM
 #10106

Decred is the first project with on-chain governance.  The community approved a few code changes (like adding LN) for consensus hard fork (no chain splits in the Decred community) and will be steering the development fund with it when Politeia finishes rolling out.I really like the governance model but the staking requirements are too high for me. Good luck for the future.
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July 24, 2018, 03:58:39 AM
 #10107

Dear DCR Team,

Aiodex is the trading platform for innovative ideas and solution based on blockchain. Come and show us and everyone in the crypto world know the value and strength of your community at https://aiodex.com

Plz, don't hesitate to let us know if you have any questions.

Sincerely,
Aiodex Team

Website: https://aiodex.com
Twitter: https://twitter.com/aiodex_official
Telegram: https://t.me/aiodex_official
Facebook: https://fb.me/aiodexofficial
Discord: https://discord.gg/RvhvdZq
gtzanap
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July 24, 2018, 05:54:26 AM
 #10108

Because Bitcoin is focused so much on preserving backward compatibility, there are certain updates we won't ever see included in Bitcoin without causing a fork. Interesting approach by @decredproject to avoid this by unifying the community through a PoW-PoS combo.
https://twitter.com/theobtl/status/1019676848127664130

This is no guarantee. Sure the changes are voted but that doesn't make them unanimous. In theory there could always be a chain split.
It is very unlikely of course

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  Semux uses 100% original codebase
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asdlolciterquit
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July 24, 2018, 09:06:56 AM
 #10109

Hi everyone, i've read that trezor has add support to decred recently.
Where can i find a guide that help me to transfer my decred on my trezor?

Thank you!
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July 24, 2018, 12:28:33 PM
 #10110


...

This is no guarantee. Sure the changes are voted but that doesn't make them unanimous. In theory there could always be a chain split.
It is very unlikely of course

The decred code was written to make impossible a chain split.
When a hardfork voting happens the old blockchain "dies" instantly.
It's impossible for someone to take control and keep it alive as happened with ETH/ETC and BTC/BCH
gembitz
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July 24, 2018, 03:05:33 PM
 #10111


...

This is no guarantee. Sure the changes are voted but that doesn't make them unanimous. In theory there could always be a chain split.
It is very unlikely of course

The decred code was written to make impossible a chain split.
When a hardfork voting happens the old blockchain "dies" instantly.
It's impossible for someone to take control and keep it alive as happened with ETH/ETC and BTC/BCH

watch me fork your coin what you are saying is impossible unless it's rigged and not even an open source project..errrr yeah :\

©2021*MY POSTS ARE STRICTLY FOR NOVELTY AND/OR PRESERVATION/COLLECTING PURPOSES ONLY!*It should not be regarded as investment/trading advice.*advocate to promote sharing and free software for the bitcoin community* #EFF #FSF #XTZ ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
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July 24, 2018, 04:12:14 PM
 #10112


...

This is no guarantee. Sure the changes are voted but that doesn't make them unanimous. In theory there could always be a chain split.
It is very unlikely of course

The decred code was written to make impossible a chain split.
When a hardfork voting happens the old blockchain "dies" instantly.
It's impossible for someone to take control and keep it alive as happened with ETH/ETC and BTC/BCH

watch me fork your coin what you are saying is impossible unless it's rigged and not even an open source project..errrr yeah :\

it is obvious that the coin can be cloned like any other, just copy and paste the code
The question was another.
It was about a split in blockchain as happened with eth / etc.
This is impossible in decred because the blockchain stops working without POS voting that will always be directed to only one chain.
gembitz
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July 24, 2018, 04:14:26 PM
 #10113


...

This is no guarantee. Sure the changes are voted but that doesn't make them unanimous. In theory there could always be a chain split.
It is very unlikely of course

The decred code was written to make impossible a chain split.
When a hardfork voting happens the old blockchain "dies" instantly.
It's impossible for someone to take control and keep it alive as happened with ETH/ETC and BTC/BCH

watch me fork your coin what you are saying is impossible unless it's rigged and not even an open source project..errrr yeah :\

it is obvious that the coin can be cloned like any other, just copy and paste the code
The question was another.
It was about a split in blockchain as happened with eth / etc.
This is impossible in decred because the blockchain stops working without POS voting that will always be directed to only one chain.


directed by who? If we decide to fork we decide to fork...there shouldn't be some crypto-nazi dictating code..this is open source? :\hmm

©2021*MY POSTS ARE STRICTLY FOR NOVELTY AND/OR PRESERVATION/COLLECTING PURPOSES ONLY!*It should not be regarded as investment/trading advice.*advocate to promote sharing and free software for the bitcoin community* #EFF #FSF #XTZ ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
gtzanap
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July 24, 2018, 07:46:12 PM
 #10114


it is obvious that the coin can be cloned like any other, just copy and paste the code
The question was another.
It was about a split in blockchain as happened with eth / etc.
This is impossible in decred because the blockchain stops working without POS voting that will always be directed to only one chain.

This is interesting, although I admit I still don't understand how it is impossible to make a chainsplit even if it does indeed take more work than I assumed before.
But if you insist this is the case and the dev team agrees, I guess I'll take your word for it

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  Semux uses 100% original codebase
  Superfast with 30 seconds instant finality
  Tested 5000 tx per block on open network
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fittsy
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July 24, 2018, 08:06:46 PM
Merited by iCEBREAKER (2)
 #10115


it is obvious that the coin can be cloned like any other, just copy and paste the code
The question was another.
It was about a split in blockchain as happened with eth / etc.
This is impossible in decred because the blockchain stops working without POS voting that will always be directed to only one chain.

This is interesting, although I admit I still don't understand how it is impossible to make a chainsplit even if it does indeed take more work than I assumed before.
But if you insist this is the case and the dev team agrees, I guess I'll take your word for it

Everything in Decred is voted on by the stake holders.

The developers write and test code for BOTH outcomes of the vote.  In the instance where a fork would occur, Decred's governance automatically selects the code based on the outcome of the vote by the stakeholders. 

https://www.cryptocompare.com/coins/guides/a-look-at-decreds-governance-system/

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July 25, 2018, 01:55:29 AM
 #10116


it is obvious that the coin can be cloned like any other, just copy and paste the code
The question was another.
It was about a split in blockchain as happened with eth / etc.
This is impossible in decred because the blockchain stops working without POS voting that will always be directed to only one chain.

This is interesting, although I admit I still don't understand how it is impossible to make a chainsplit even if it does indeed take more work than I assumed before.
But if you insist this is the case and the dev team agrees, I guess I'll take your word for it

Everything in Decred is voted on by the stake holders.

The developers write and test code for BOTH outcomes of the vote.  In the instance where a fork would occur, Decred's governance automatically selects the code based on the outcome of the vote by the stakeholders

https://www.cryptocompare.com/coins/guides/a-look-at-decreds-governance-system/

That's the important bit! Without being voted on, a chain split can literally not happen. The attacker would need to have so many tickets staked such that for every block in the split chain, they were assured their tickets would be called on to vote for the validity of their split chain. This is the power of the consensus model we have in Decred, and why it is prohibitive (impossible) for the chain to be split in an eth/etc manner.

Grow the Dividend Snek! (pm me if you have questions)
https://powh.io/?masternode=0x1f9b145fdaef2b82aef29c2f3c9b875a8b017512
gembitz
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July 25, 2018, 02:05:07 AM
 #10117


it is obvious that the coin can be cloned like any other, just copy and paste the code
The question was another.
It was about a split in blockchain as happened with eth / etc.
This is impossible in decred because the blockchain stops working without POS voting that will always be directed to only one chain.

This is interesting, although I admit I still don't understand how it is impossible to make a chainsplit even if it does indeed take more work than I assumed before.
But if you insist this is the case and the dev team agrees, I guess I'll take your word for it

Everything in Decred is voted on by the stake holders.

The developers write and test code for BOTH outcomes of the vote.  In the instance where a fork would occur, Decred's governance automatically selects the code based on the outcome of the vote by the stakeholders.  

https://www.cryptocompare.com/coins/guides/a-look-at-decreds-governance-system/

That's the important bit! Without being voted on, a chain split can literally not happen. The attacker would need to have so many tickets staked such that for every block in the split chain, they were assured their tickets would be called on to vote for the validity of their split chain. This is the power of the consensus model we have in Decred, and why it is prohibitive (impossible) for the chain to be split in an eth/etc manner.

why not we remove this silly voting thats controlled by the developers and their buddies themselves lol Wink = total circle jerk

©2021*MY POSTS ARE STRICTLY FOR NOVELTY AND/OR PRESERVATION/COLLECTING PURPOSES ONLY!*It should not be regarded as investment/trading advice.*advocate to promote sharing and free software for the bitcoin community* #EFF #FSF #XTZ ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
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July 25, 2018, 05:31:12 AM
 #10118


Everything in Decred is voted on by the stake holders.

The developers write and test code for BOTH outcomes of the vote.  In the instance where a fork would occur, Decred's governance automatically selects the code based on the outcome of the vote by the stakeholders

https://www.cryptocompare.com/coins/guides/a-look-at-decreds-governance-system/

That's the important bit! Without being voted on, a chain split can literally not happen. The attacker would need to have so many tickets staked such that for every block in the split chain, they were assured their tickets would be called on to vote for the validity of their split chain. This is the power of the consensus model we have in Decred, and why it is prohibitive (impossible) for the chain to be split in an eth/etc manner.


That makes it clearer. Thanks!

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  Semux uses 100% original codebase
  Superfast with 30 seconds instant finality
  Tested 5000 tx per block on open network
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proletariat
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July 25, 2018, 06:20:39 AM
 #10119


LOL, didn't know Btctalk trolling was still a thing. when stakey branded lambos sir?


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July 26, 2018, 07:54:12 PM
 #10120


Everything in Decred is voted on by the stake holders.

The developers write and test code for BOTH outcomes of the vote.  In the instance where a fork would occur, Decred's governance automatically selects the code based on the outcome of the vote by the stakeholders

https://www.cryptocompare.com/coins/guides/a-look-at-decreds-governance-system/

That's the important bit! Without being voted on, a chain split can literally not happen. The attacker would need to have so many tickets staked such that for every block in the split chain, they were assured their tickets would be called on to vote for the validity of their split chain. This is the power of the consensus model we have in Decred, and why it is prohibitive (impossible) for the chain to be split in an eth/etc manner.


That makes it clearer. Thanks!

Sure thing. Cool In case you don't know of it, check here for all Decred stats: https://dcrstats.com/ There you can see the number of PoS tickets that are live, the current cost of tickets, etc. It helps when modeling figures around how expensive such attacks would be.

Grow the Dividend Snek! (pm me if you have questions)
https://powh.io/?masternode=0x1f9b145fdaef2b82aef29c2f3c9b875a8b017512
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